Oshkosh stepping up share repurchase program

Newswire

Nov 16 (Reuters) - Specialty truckmaker Oshkosh Corp , which last month rejected a takeover bid from activist shareholder Carl Icahn, on Friday said it increased its share repurchase program to 11 million shares from a previously announced 7.2 million. The new amount represents about 12 percent of the company's outstanding shares. Oshkosh also said it plans to step up the pace of repurchases. It plans to buy up to $300 million of shares over the next 12 to 18 ...

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